HCI Capital AG / Profit Warning 08.08.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, will report a consolidated net loss after taxes of approx. EUR 18.5 million for the first six months of 2008. On 8 August 2008, the company thus decided to reduce its earnings forecast for the 2008 financial year. HCI Capital AG now expects to break even (after taxes) for the 2008 financial year. A previous forecast had projected net profit after taxes at EUR 33 million. The company envisages placing aggregate equity capital of EUR 880 million (unchanged) in 2008. The lower earnings forecast was largely attributable to significant write-downs on the investment held by HCI Real Estate Finance I GmbH & Co. KG in NY Credit Operating Partnership LP, which were recognised within the scope of preparing the half-yearly financial statements as at 30 June 2008. NY Credit Operating Partnership LP, an entity holding a portfolio of US commercial real estate loans, incurred unanticipated additional losses during the second quarter of 2008. This triggered an impairment test (in accordance with IAS 39), as a result of which the investment in NY Credit Operating Partnership LP was written down by EUR 24.8 million. The charge has been recognised in full in the half-yearly consolidated financial statements of HCI Capital AG. HCI Capital AG will publish its half-yearly financial report 2008 on 13 August 2008, as scheduled. Contact: HCI Capital AG Dr. Olaf Streuer Leiter Investor Relations Tel: +49 40 88 88 1 125 olaf.streuer@hci-capital.de DGAP 08.08.2008 --------------------------------------------------------------------------- Language: English Issuer: HCI Capital AG Bleichenbrücke 10 20354 Hamburg Deutschland Phone: +49 (0)40 88881-0 Fax: +49 (0)40 88881-199 E-mail: hci@hci.de Internet: www.hci.de ISIN: DE000A0D9Y97 WKN: A0D9Y9 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Hannover, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: HCI Capital AG: HCI Capital AG adjusts 2008 earnings forecast
| Source: EQS Group AG